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Upturn AI SWOT - About
Eaton Vance California MIT (CEV)
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Upturn Advisory Summary
04/01/2025: CEV (1-star) is a SELL. SELL since 5 days. Profits (-1.96%). Updated daily EoD!
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit -11.65% | Avg. Invested days 44 | Today’s Advisory SELL |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 73.04M USD | Price to earnings Ratio 27.32 | 1Y Target Price - |
Price to earnings Ratio 27.32 | 1Y Target Price - | ||
Volume (30-day avg) 21313 | Beta 0.38 | 52 Weeks Range 9.66 - 10.87 | Updated Date 04/4/2025 |
52 Weeks Range 9.66 - 10.87 | Updated Date 04/4/2025 | ||
Dividends yield (FY) 5.78% | Basic EPS (TTM) 0.38 |
Earnings Date
Report Date 2025-03-13 | When After Market | Estimate - | Actual - |
Profitability
Profit Margin 54.09% | Operating Margin (TTM) 81.78% |
Management Effectiveness
Return on Assets (TTM) 2.24% | Return on Equity (TTM) 3.3% |
Valuation
Trailing PE 27.32 | Forward PE - | Enterprise Value 99393416 | Price to Sales(TTM) 14.67 |
Enterprise Value 99393416 | Price to Sales(TTM) 14.67 | ||
Enterprise Value to Revenue 16.38 | Enterprise Value to EBITDA - | Shares Outstanding 7033580 | Shares Floating - |
Shares Outstanding 7033580 | Shares Floating - | ||
Percent Insiders - | Percent Institutions 28.34 |
Analyst Ratings
Rating 3 | Target Price - | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold 1 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Eaton Vance California MIT
Company Overview
History and Background
Eaton Vance California Municipal Income Trust (EVM) is a closed-end management investment company. It was established to provide current income exempt from federal and California state income taxes, consistent with preservation of capital. Details about the founding year and significant milestones require further primary source confirmation, which are outside of the scope of this request.
Core Business Areas
- Municipal Bond Investments: Invests primarily in California municipal bonds to generate tax-exempt income for shareholders. The fund actively manages its portfolio to achieve its investment objective.
Leadership and Structure
Eaton Vance Management serves as the investment advisor. Specifics on the leadership team (CEO, CFO etc.) of Eaton Vance at the time of management require further research. The fund operates under a board of trustees.
Top Products and Market Share
Key Offerings
- Tax-Exempt California Municipal Income: The primary product is a closed-end fund that invests in a portfolio of California municipal bonds, providing shareholders with income exempt from federal and California state income taxes. Market share data specific to EVM's holdings relative to the overall California municipal bond market is not readily available. Competitors include other closed-end municipal bond funds and ETFs.
Market Dynamics
Industry Overview
The closed-end fund industry is influenced by interest rates, credit spreads, and investor sentiment. The municipal bond market is driven by state and local government financing needs and tax policies.
Positioning
EVM is positioned as a provider of tax-exempt income for California residents seeking a stable income stream. Its competitive advantage lies in its expertise in managing California municipal bond portfolios.
Total Addressable Market (TAM)
The TAM is the total value of the California municipal bond market. While the total value fluctuates, Eaton Vance California MIT aims to capture a share of this TAM by actively managing a diversified portfolio that captures the best opportunities within the market. According to the data available online, the California Municipal Bond market is around $650 billion.
Upturn SWOT Analysis
Strengths
- Experienced management team
- Tax-exempt income for California residents
- Diversified portfolio of California municipal bonds
Weaknesses
- Interest rate risk
- Credit risk
- Discount to net asset value (NAV)
Opportunities
- Rising interest rates (potentially increasing income)
- Increased demand for tax-exempt investments
- Active management to enhance returns
Threats
- Changes in tax laws
- Economic downturn in California
- Increased competition from other investment vehicles
Competitors and Market Share
Key Competitors
- NUW
- NAD
- VTEB
- CMF
- MUB
Competitive Landscape
EVM competes with other closed-end funds and ETFs that invest in municipal bonds. Its advantages lie in its California-focused expertise and active management approach. However, its discount to NAV and smaller size compared to larger competitors can be disadvantages.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Growth is driven by the fund's ability to generate tax-exempt income and manage its portfolio effectively.
Future Projections: Future growth depends on the performance of the California municipal bond market and the fund's ability to navigate market conditions.
Recent Initiatives: Information is not available without real-time data feed. Initiative includes strategic repositioning of the portfolio to react to economic activity and interest rate direction.
Summary
Eaton Vance California MIT is a closed-end fund focused on providing tax-exempt income to California residents through municipal bond investments. The fund benefits from an experienced management team and the demand for tax-advantaged investments. However, it faces risks related to interest rates, credit quality, and competition. Its discount to NAV and economic health of California are key considerations. The fund's ability to navigate these challenges will determine its future performance and shareholder returns.
Similar Companies
CMF
iShares California Muni Bond ETF
CMF
iShares California Muni Bond ETF
MUB
iShares National Muni Bond ETF
MUB
iShares National Muni Bond ETF
VTEB
Vanguard Tax-Exempt Bond Index Fund ETF Shares
VTEB
Vanguard Tax-Exempt Bond Index Fund ETF Shares
Sources and Disclaimers
Data Sources:
- Publicly available financial data
- Investment company websites
- Market research reports
Disclaimers:
This analysis is based on publicly available information and should not be considered financial advice. Market conditions can change rapidly, and past performance is not indicative of future results. Consult with a financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Eaton Vance California MIT
Exchange NYSE MKT | Headquaters Boston, MA, United States | ||
IPO Launch date 1999-01-26 | CEO - | ||
Sector Financial Services | Industry Asset Management | Full time employees - | |
Full time employees - | |||
Eaton Vance California Municipal Income Trust is a close ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests in the fixed income markets. The fund invests primarily in debt securities issued by education, hospital, housing, insured-education, insured-electric utilities, insured-hospital, insured-transportation, insured-water and sewer, transportation, and other sectors. Eaton Vance California Municipal Income Trust was formed in 1999 and is domiciled in United States.
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